Side-by-Side Duplex with Heated
For Sale
$749,000
Pending
3622 W 41st Ave, Anchorage, AK 99517
Both residences have three bedrooms, 2.5 bathrooms, south-facing decks, and oversized heated garages.
Property Size3,224 SF
Days on Market33
Property Features for 3622 W 41st Ave
General Information
Standard status
Pending
Size
3,224 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
50%
Site & Location
Neighborhood
Spenard
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
fireplace
deck
heated garage
Building Details
Year Built
1985
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
Listed By:
Connie Yoshimura · License #4562
(907) 646-3670
Source:
Seehomesinalaska
Added: Sep 23
Changed: Oct 19
Last Checked: Oct 24 at 6:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Alaska Realty
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Investment Insights
Based on property information with market context.
This 3,224-square-foot duplex, built in 1985, contains two side-by-side residences, each with three bedrooms and 2.5 bathrooms. Both feature cathedral ceilings, fireplaces, south-facing living areas with broad window walls, and decks accessed through sliding glass doors. The owner’s residence includes oak floors, solid-surface counters, California Closets, and a built-in office. Each unit also has an oversized heated garage measuring 25 feet wide, with storage and workspace features.
The property occupies a 17,000+ square-foot lot at 3622 W 41st Ave in Anchorage. The airport, downtown, midtown, shopping, restaurants, local parks, Coastal Trail, and Kincaid Park are all less than 10 minutes away. The last two tenants each remained for more than 10 years; during the owner’s 37-year tenure, the rental unit was never vacant for more than 30 days.
The property occupies a 17,000+ square-foot lot at 3622 W 41st Ave in Anchorage. The airport, downtown, midtown, shopping, restaurants, local parks, Coastal Trail, and Kincaid Park are all less than 10 minutes away. The last two tenants each remained for more than 10 years; during the owner’s 37-year tenure, the rental unit was never vacant for more than 30 days.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 2.5 bathrooms
- 3,224 square feet on a 17,000+ sq. ft. lot
- Each residence has an oversized, heated garage measuring 25 feet wide
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,345
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,900
$946.9K
Cap Rate 7%
$676,357
$676.4K
Cap Rate 9%
$526,056
$526.1K
Market Conditions
NOI Build-Up for 3,224 SF
Gross rent
$71.6K $22.20/SF
− Vacancy
−$3.9K −$1.22/SF
EGI
$67.6K $20.98/SF
− OpEx
−$20.3K −$6.29/SF
NOI
$47.3K $14.69/SF
Area
Anchorage, AK
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,900
Cap Rate 7%
$676,357
Cap Rate 9%
$526,056
Alternative Uses
Best Use
Multifamily LT 5
$676.4K
$591.8K – $789.1K
NOI $47,345 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$875.5K
$766.0K – $1.02M
NOI $61,282 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Demographics for 99517, AK
16,307
Population
7,718
Households
2.1
Avg Household Size
39
Median Age
40%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,096
Density / Sq Mi
$99,307
Median Household Income
$57,466
Median Earnings
$1,364
Median Rent
$365,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, 2.5 bathrooms, south-facing decks, and oversized heated garages.
Where is this duplex located?
The property is located at 3622 W 41st Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 2.5 bathrooms; 3,224 square feet on a 17,000+ sq. ft. lot; Each residence has an oversized, heated garage measuring 25 feet wide
